Inchon Oil Refinery C. Ltd, South Korea’s smallest oil refiner, plans to raise its crude oil processing rates for November by 12.5 per cent from October to build up stocks ahead of winter, a company source said.

Inchon’s November crude runs would stand at 135,000 barrels per day (bpd), or 50 per cent of its capacity, compared with 120,000 bpd in October, the Inchon source revealed.